Technology Plays Move Quickly

NEW YORK -- Options on technology stocks traded briskly as the sector led yesterday's rally. But even the bullish bets seemed cautious, with many investors seeking to limit their risk where they can.

Call volume on Internet stocks was particularly robust, after Cendant Corp. agreed to buy online travel company Orbitz and after five Wall Street firms that helped take Google Inc. public gave it their highest rating. But some traders stayed skeptical, questioning how much of the stock buying was driven by end-of-quarter...